Olu Sonola
Coverage of Olu Sonola in the Nexus archive.
- US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high
The U.S. economy grew at 1.5% in the second quarter of 2026, down from 2.1% in Q1, driven by consumer spending and AI-related business investment but weighed by rising imports. Inflation, as measured by the Fed's PCE price index, remained above the 2% target at 3.7% year-over-year, prompting some Fed officials to push for rate hikes.
- US GDP growth slows to 1.5% in second quarter as AI-related imports surge
US GDP growth slowed to 1.5% in Q2 2026 due to rising AI-related imports, though consumer spending increased by 3.2%. The Federal Reserve’s inflation measure remained above its 2% target, and underlying economic strength showed growth despite import-driven drag on GDP.
- US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
The U.S. economy grew 1.5% in Q2 2026, below the 2.1% Q1 rate, as rising imports reduced growth. Consumer spending rose 3.2% annually, AI investment surged, but inflation remained above the Federal Reserve’s 2% target at 3.7%. The Fed held interest rates steady despite dissent from regional presidents.
- US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
The US economy grew at a 1.5% annual rate in Q2 2026, with consumer spending rising but imports reducing growth. Inflation, as measured by the Fed's PCE index, remained above the 2% target at 3.7%, despite a slight monthly decline in prices.